Greedy little frackers

Maybe it's just us (we're often accused of being less than observant), but in the whirlwind of fracking news, we initially missed the latest round of corporate welfare for frackers.

But it turns out that North Carolina's Republican leaders are now seeking taxpayer-financed "corporate welfare" for the oil and gas industry -- even though the five biggest drilling companies alone hauled in $93 billion in profits last year. As The News & Observer of Raleigh reports:

The state Senate's proposed budget

  • includes nearly $1.2 million to help the energy sector with drilling, analysis and marketing.
  • McCrory's proposed budget includes $500,000 for drilling up to three test wells in Lee County, part of the state targeted for fracking.
  • A separate $550,000 initiative was approved last year to help the energy industry assess fracking prospects.

What the frack?!? Aren't these the people who want to privatize everything? The ones who scream about "small government"? The people who preach about accountability and responsibility and bootstrap pulling?

Oh, of course, that all applies to people, not to corporations (and especially to people who don't happen to be rich white straight Christian males).

Yes, there's more (with the NC GOP, there's always more).

The new fracking law also calls on the state to conduct taxpayer-financed studies on locating a liquid natural gas export terminal on the North Carolina coast, establishing a curriculum to train drilling industry workers at Central Carolina Community College, and developing infrastructure to facilitate oil and gas development such as pipelines, compressor stations, and gas processing systems. In addition, it prohibits local governments from imposing taxes on gas produced in their jurisdictions.

At least when it comes to extremism, the right-wing nut jobs in NC are thorough.

Comments

The proof that the Kochs have deep pockets

is that they can fit so many of NC's legislators in them.

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"I will have a priority on building relationships with the minority caucus. I want to put substance behind those campaign speeches." -- Thom Tillis, Nov. 5, 2014

LOVE this comment

:) that is all



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Vote Democratic! The ass you save may be your own.

Thanks, and for the record

measurements indicate that this applies to Pope pockets, too.

No, we did NOT personally take the measurements. ;-)

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"I will have a priority on building relationships with the minority caucus. I want to put substance behind those campaign speeches." -- Thom Tillis, Nov. 5, 2014